LINDIAN RESOURCES LIMITED — Capital/Financing Update 2017

Jun 7, 2017

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8 June 2017

COMPLETION OF $600,000 PLACEMENT AND BOARD CHANGES

Highlights

• Completion of placement to sophisticated investors which raised $600,000 to fund proposed exploration program for the Uyowa Project

• Well respected mining executive, Mr Asimwe Kabunga, has joined the Board

Completion of $600,000 Share and Option Placement

Lindian Resources Limited ( Lindian or the Company ) (ASX: LIN) is pleased to announce it has successfully completed a placement of 30,000,000 fully paid ordinary shares to sophisticated investors at $0.02 per share to raise a total of $600,000 ( Placement ). One free attaching option (exercisable at $0.03 on or before 8 June 2019) has been issued for every Placement Share issued.

Funds from the Placement will be used to fund a proposed exploration program on the Company’s Tanzanian assets and to provide working capital. The Company will provide an update on the exploration program shortly.

Appointment of Director

Mr Asimwe Kabunga has joined the board of the Company as a Non-Executive Director.

Mr Kabunga is a Tanzanian born Australian entrepreneur who holds a Bachelor of Science, Mathematics and Physics and has extensive technical and commercial experience in Tanzania, Australia, and the United States.

Mr Kabunga has been instrumental in establishing the Tanzania Community of Western Australia Inc, and served as its first President. Mr Kabunga was also a founding member of Rafiki Surgical Missions and Safina Foundation, both NGOs dedicated to helping children in Tanzania.

Mr Kabunga serves as a non-executive director on the boards of Volt Resources Limited (ASX: VRC) and Strandline Resources Limited (ASX: STA).

Lindian Chairman, Mr King said: “I am delighted to welcome Asimwe to the Board. The Board and I are looking forward to his contribution as we move towards developing Lindian’s Tanzanian assets.”

For and on behalf of Lindian Resources Limited

Eddie King

Chairman

Lindian Resources Limited

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